Budgong (postcode 2577) is a small, quiet locality in New South Wales within the Shoalhaven local government area. The area has roughly 87 residents and a predominantly older resident base, with a median age of 56. Households earn a median income of $81K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, machinery operators & drivers. Employment in the area leans toward manufacturing and it & telecom. The top ancestries reported are English, Australian, Irish.
Median house prices in Budgong stand at $1.3 million, having climbed sharply by 49% over the last twelve months. The current median weekly rent is $690. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,500.
The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.9% (low yield). Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.5x is considered stretched. House prices have moved +49.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.